20Oct2:39 pmEST
Solar City Pork: The Other Musk Meat
Even as financials and transports hold green today, the market at-large appears to slowly be losing more leadership.
In particular, the healthcare triumvirate of HZNP NBIX VRX all look vulnerable to secondary legs lower now. Moreover, TSLA is gaining tons of attention today with 10% sell-off below the $215 area for a sizable breakdown.
But Solar City, the "other Musk meat," is breaking down from well-defined support on the weekly chart, below.
All solars have been trouble for many quarters now. And even though the SCTY weakness today may be a micro event, I still do not see many compelling factors to be long solar, in general, especially with crude oil going from green to red earlier today.